How you can be part of the
Foundation?
Donor support helps the Foundation build a strong, long term future
for the communities it serves. Many donors express their satisfaction
with supporting an organization that will be there for the benefit of
local communities in perpetuity and is flexible enough to meet
evolving needs.Why Do
People Establish Endowment Funds?
- It’s a gift that keeps on giving. The
capital is preserved, with grants made from income
- It’s a way to give something back to the
community
- Named funds will perpetuate a family
name
- Funds may be named to honour the memory
of family members or friends
- There are tax advantages - donations are
eligible for tax credits
Can Donors
Choose What They Want To Support?
There is flexibility for donors to
determine how income from their funds will be granted. There are four
main types of funds:
- Community Fund: unrestricted, for the
greatest need at the time
- Field of Interest Funds: focused on a
general area, such as youth, health, recreation, or a specific
community
- Designated Funds: for a specific
organization or a scholarship
- Donor-advised: donors may suggest each
year which organization(s) will benefit
- There are also Administration Endowment
Funds which help cover the Community Foundation's operational costs
Named Funds:
Donors may name their Funds or designate the income from them for a
specific purpose or agency if their total contribution is $10,000 or
more ($20,000 for donor-advised funds). It is possible to create an Emerging Fund with a commitment to
reach this level over a period up to ten years.
Ways To Give:
There are many ways to make a lasting gift. These include gifts of
cash, a bequest in a will, life insurance, securities, charitable
remainder trust, or property. There may be tax implications to discuss
with your advisors.
Tax Implications:
The Battle River Community Foundation is recognized as a charitable
organization by the Canada Revenue Agency, with registration number
89211 8688 RR0001. Charitable donation receipts are issued for all
donations. Donors are encouraged to consult with their advisors before
making any large donations
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